SHARJAH ISLAMIC BANK-

Sharjah Islamic Bank saw its net income rise 24.6% y-o-y to AED 318.9 mn for 1Q 2025, according to the bank’s financial statement (pdf). The bottom line uptick was driven by a significant increase in nonprofit income due to an increase in non-financing income sources, according to a separate earnings release (pdf). The lender posted a 5.3% increase y-o-y in total operating income to AED 531.7 mn in 1Q 2025.

RAK NATIONAL INS.-

Ras Al Khaimah National Ins. reported a 223.4% y-o-y increase in its net income to AED 11 mn for 1Q 2025, according to its financials (pdf). The firm’s ins. revenues rose by 4.7% to 127.9 mn during the same quarter.

EMIRATES DEVELOPMENT BANK.-

Emirates Development Bank saw its net income decline by 14.8% y-o-y to AED 280.1 mn in 2024, according to its financials (pdf). The bank’s interest income increased by 18.4% y-o-y to AED 827.1 mn during the same period.

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